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Home / News / US unemployment spikes to a Depression-era level of 14.7%

US unemployment spikes to a Depression-era level of 14.7%

WASHINGTON (AP) — The U.S. unemployment rate rocketed to 14.7% in April, a level last seen during the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record — stark evidence of how the coronavirus has brought the economy to its knees. The breathtaking losses, reported by the Labor Department on Friday, ...

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